Lendable MSME Fintech Credit Fund
BIO has invested USD 5 M in equity in Lendable MSME Fintech Credit Fund, a closed-end private credit fund focused on FinTech companies in Africa and Asia
Amount
$ 5,000,000.00
Type of investment
Equity
Development impacts
- Local economic growth
- Financial inclusion
- Promotion of ESG best practices
- Gender
Beneficiary locations
Investment field
Investment Companies & Funds
Activity
Lendable is a leading debt finance provider to FinTech companies across frontier and emerging markets that create access to new financial products and services for un- and under-banked populations. Lendable finances FinTech companies that facilitate consumer and MSME credit, productive asset finance, payments, remittances, and digital marketplaces. From its offices in Nairobi, London, and Singapore, and using its proprietary technology and data, Lendable directly originates, structures, underwrites, and monitors all transactions. As of 2021 Q3, Lendable has disbursed over $180m to FinTechs in over nine countries.
Development impacts
-
Local economic growth
The Fund will provide financing to FinTech companies, struggling to attract local financing. Many of these FinTechs are FIs that on lend to the local economy (digital MSME lenders, digital MSME asset financers, digital marketplaces).
Indirectly, those investees provide funding to MSMEs
-
Financial inclusion
The Fund’s investments in FinTechs will improve the population’s access to financial services, providing access to credit to micro-entrepreneurs, inclusive payment services, and renewable energy products
-
Promotion of ESG best practices
BIO is the shaping force behind the fund's E&S policy and building an ESMS.
BIO's investment contributes to directing Lendable to more responsible investees (especially in consumer lending and the application of customer protection standards)
-
Gender
Eligible on two 2X criteria, leadership and employment.
Commitment to increase the number of women in the board.
Read impact and news about this project
News
Lendable to Launch $100 million Emerging Market Fintech Fund with Leading Impact and DFI Investors
12-10-2021
Lendable Inc., a leading emerging market fintech credit provider, is targeting a ground-breaking USD 100 million closed-ended fund focused on emerging and frontier market fintech investments.
View more of our investments in this region
Investment Companies & Funds
Agri-Vie Fund II
200,000.00
Kenya, South Africa, Uganda, Zambia
21/03/2023
Subsidy
Investment Companies & Funds
Afrigreen Fund
10,000,000.00
Cameroon, Côte d'Ivoire, Ghana, Mali, Nigeria, Senegal
23/02/2023
Equity
Investment Companies & Funds
Omnivore Agritech & Climate Sustainability Fund III
5,000,000.00
India
15/02/2023
Equity
Investment Companies & Funds
Adenia Capital IV
150,000.00
Benin, Burkina Faso, Burundi, Cameroon, Côte d'Ivoire, Democratic Republic of Congo, Ethiopia, Ghana, Guinea, Kenya, Madagascar, Malawi, Mali, Mozambique, Niger, Nigeria, Rwanda, Senegal, South Africa, Tanzania, Uganda
26/01/2023
Subsidy
Investment Companies & Funds
European Financing Partners S.A.
20,000,000.00
Benin, Burkina Faso, Burundi, Cameroon, Côte d'Ivoire, Democratic Republic of Congo, Ethiopia, Ghana, Guinea, Kenya, Madagascar, Malawi, Mali, Mozambique, Niger, Nigeria, Rwanda, Senegal, South Africa, Tanzania, Uganda, Zambia
21/12/2022
Debt
